News
Nigeria’s Debt Per Capita Hits ₦619,501 as Total Public Debt Rises to ₦134 Trillion
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The National Bureau of Statistics (NBS) has reported that Nigeria’s debt per capita now stands at ₦619,501, following a review of the country’s debt portfolio for the second quarter of 2024.
The Debt Management Office (DMO) disclosed that Nigeria’s total public debt has surged to ₦134.297 trillion as of June 2024, marking an increase of ₦13 trillion from the previous quarter’s total of ₦121 trillion.
Based on Nigeria’s estimated population of 216.7 million, the debt per person averages ₦619,501. The DMO’s report breaks down the debt into domestic and external components: domestic debt stands at ₦71.2 trillion, while external debt totals ₦63 trillion.
Within the external debt figure, the federal government owes ₦55.8 trillion, and states owe ₦7.1 trillion.
Domestically, the federal government’s debt is significantly higher at ₦66.9 trillion, with states owing ₦4.2 trillion.
The rising debt has reignited discussions around Nigeria’s reliance on borrowing, with increased calls for the government to explore sustainable financing strategies to reduce the debt burden on citizens.
News
USAID Accused of Funding Boko Haram and Other Terror Groups
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Recent allegations have surfaced regarding the United States Agency for International Development (USAID) and its potential inadvertent funding of terrorist organizations, including Boko Haram.
On February 14, 2025, U.S. Congressman Scott Perry claimed during a subcommittee hearing that USAID had provided financial support to groups such as ISIS, Al-Qaeda, and Boko Haram.
Historically, USAID has been actively involved in providing humanitarian assistance to regions affected by Boko Haram’s insurgency, particularly in the Lake Chad region.
Between fiscal years 2015 and 2017, USAID had 141 active awards in this area, valued at over $1.1 billion, aiming to address the humanitarian crisis and support broader U.S. government counter-terrorism efforts.
However, challenges such as access restrictions and insecurity have limited USAID’s ability to directly monitor program activities, leading to the adoption of third-party monitoring contracts to enhance oversight.
In a recent alert dated February 10, 2025, the USAID Office of Inspector General (OIG) highlighted ongoing concerns regarding the agency’s oversight of its humanitarian assistance programming.
The OIG emphasized the importance of robust monitoring to prevent the diversion of funds to unintended recipients, including terrorist organizations.
News
Trump Says Putin and Zelenskiy Want Peace as He Moves to End War
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Former U.S. President Donald Trump revealed that both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed interest in ending the war in Ukraine during separate phone calls with him on Wednesday.
Following these conversations, Trump instructed top U.S. officials to begin discussions aimed at resolving the conflict. This comes after his defence secretary suggested that Ukraine might need to reconsider its NATO ambitions and territorial claims, signalling a major shift in U.S. policy on the war.
After speaking with Putin for over an hour, Trump said the Russian leader wants a ceasefire and a lasting resolution rather than a temporary truce that could lead to renewed fighting.
“He wants it to end. He doesn’t want a situation where they stop now and resume fighting six months later,” Trump told reporters at the White House.
“I think we’re on track for peace. Putin wants peace. Zelenskiy wants peace. And I want peace. I just want the killing to stop.”
News
Shehu Sani Says Keeping Nnamdi Kanu in Detention Without Trial Is Unfair
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Former Kaduna Central Senator Shehu Sani has criticized the continued detention of Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), and the indefinite postponement of his trial.
Sani described the situation as unfair, emphasizing that justice cannot be achieved through injustice.
Sharing his thoughts on X, he stated that holding someone in prolonged detention while delaying their case indefinitely is wrong. He acknowledged the concerns surrounding the case but insisted that avoiding the issue won’t solve it.
Drawing from his own experience, Sani recalled the pain and isolation of imprisonment, stressing that only those who have been in a cell truly understand what it feels like.
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